MFS High Yield Municipal Trust (NYSE:CMU) announced a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Wednesday, December 19th will be given a dividend of 0.02 per share on Monday, December 31st. This represents a $0.24 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Tuesday, December 18th.
MFS High Yield Municipal Trust has increased its dividend by an average of 0.5% annually over the last three years.
CMU stock traded up $0.03 during trading on Tuesday, reaching $4.28. 89,000 shares of the stock were exchanged, compared to its average volume of 58,963. MFS High Yield Municipal Trust has a twelve month low of $4.17 and a twelve month high of $4.78.
MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.
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